Specialty MGA

Political and Credit Risk

Overview

Geopolitical risks are rife, globally impacting foreign direct investors as well as those engaged in international trade as principals and financiers. Political & Credit Risk Insurance is designed to mitigate risks associated with foreign direct investment (FDI) and international trade. It does so by protecting against the perils of adverse government action on FDI and payment or performance risk related to international trade. 

Political Risk cover

  • Pre and post shipment risks including non-delivery, non-payment, license cancellation, import / export embargos
  • Unfair and fair calling of bonds
  • Bid bonds, advance payment and performance guarantees
  • Confiscation, Expropriation, Nationalization and Deprivation (CEND) for mobile asset cover as well as equity & lenders interests
  • Currency Incontrovertibility & Exchange Transfer
  • War and Civil Risks & Strikes/riots and civil commotion
  • Arbitration Award Default

Credit Risk cover

  • Public (Contract Frustration) & Private (Credit Risk) buyers and borrowers for Non-payment due to protracted default and insolvency
  • Non-performance coverage for prepayments or prefinancing
  • Contract Frustration for sovereign and sub-sovereign payment and performance obligations
  • Trade Credit including short term international payment obligations as well as credit risk on banks issuing
  • Structured Trade Credit including asset backed financing, working capital loans etc
  • Other Credit risks including reserve-based lending, project finance, credit risk on derivatives etc
  • Facultative Reinsurance

Our clients include:

  • Multilaterals
  • ECA’s
  • Financial Institutions including local banks
  • Multinational corporations with subsidiaries and projects overseas
  • Commodity Traders
  • Manufacturers including Original Equipment Manufacturers (OEM’s)
  • Distributors
  • Engineering/procurement/construction contractors
  • Service providers
  • Forfaiting and other non-banking financial institutions
  • Reinsurers

Our book is global covering developed, emerging and frontier markets. We have $20m to deploy on any one transaction over a maximum tenor of 7 years.

Contact an underwriter
  •

    Amir Hussain

    Head of Political and Credit Risk

    Amir Hussain Head of Political and Credit Risk Amir Hussain is the Head of Political and Credit...

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